The Montreal Protocol is expected to save the ozone layer. Indicate whether the statement is true or false ANSWER T The ozone layer protects us from ultraviolet radiation, and the Montreal Protocol is an international agreement to ban the use of chlorofluorocarbons, which were damaging the ozone layer.
Command-and-control means of regulation achieve their results more slowly but more reliably. Indicate whether the statement is true or false ANSWER F Command-and-control means of regulation can usually have effects more quickly than other means, but they are costly to administer and are not as good at motivating desirable decentralized actions.
______________ is the time that an individual cannot control totally by himself or herself. a. Discretionary time b. Real time c. Psychic time d. Nondiscretionary time ANSWER D
In the U.S., time use data is collected on a national level by the: a. Consumer Product Safety Commission b. Federal Reserve Board c. Dept. of Health and Human Services d. Bureau of Labor Statistics (BLS) ANSWER D
Some sources of air pollution may tend to cause global cooling. Indicate whether the statement is true or false ANSWER T Particulate matter can interfere with radiation reaching the Earth and thus tend to lower global temperatures.
A tax can always be found and implemented that will correct a cause of an external effect. Indicate whether the statement is true or false ANSWER F It may be difficult to tax the cause of an external effect, as in the case of highway congestion when a fuel tax may not have effect […]
When cross-sections of Americans are asked what the main problem they are dealing with is, the majority will say they don’t have: a. Nearly enough time b. A big enough house c. Enough money d. Meaningful relationships ANSWER A
Where it can function, a market for pollution rights can serve to internalize the air-pollution externality. Indicate whether the statement is true or false ANSWER T Pollution rights can be traded to determine their value after an acceptable pollution level has been chosen.
Only about ____ of families eat together daily, meaning one meal or more a day. a. 10% b. 25% c. 43% d. 76% ANSWER C
As a policy instrument, pollution rights allow income distribution effects that can more easily win the cooperation of affected businesses. Indicate whether the statement is true or false ANSWER T Pollution rights allow benefits to go to affected businesses when taxes will not. and Table 20.1.